The Economic update – October 2012
Download The Economic update – October 2012
- US – good news in the housing sector which showed signs of recovering and the industrial sector where capacity utilisation rose.
- Asia – further signs of weakening in Japan. In China GDP growth fell again but there are some signs that the slowdown is levelling out.
- Australia – RBA cuts rates on concerns of global growth slowdown. Underlying Inflation rose slightly but is still in line with forecasts.
- Mixed performance on global equity markets. US was weaker due to poor corporate reporting and Europe was slightly stronger.
- Spanish government aims…